National Bank of Canada (OTCMKTS:NTIOF) Reaches New 12-Month High – Here’s What Happened

Shares of National Bank of Canada (OTCMKTS:NTIOF) hit a new 52-week high during trading on Monday . The company traded as high as $98.91 and last traded at $98.33, with a volume of 100418 shares. The stock had previously closed at $98.56.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Cibc World Mkts downgraded shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 21st.

National Bank of Canada Price Performance

The stock has a market cap of $33.54 billion, a P/E ratio of 13.17 and a beta of 1.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a 50-day moving average price of $95.31 and a 200-day moving average price of $88.26.

National Bank of Canada (OTCMKTS:NTIOF) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $1.96 EPS for the quarter. The business had revenue of $2.18 billion during the quarter. National Bank of Canada had a return on equity of 17.29% and a net margin of 19.10%. On average, analysts forecast that National Bank of Canada will post 7.45 earnings per share for the current fiscal year.

National Bank of Canada Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, November 1st. Investors of record on Monday, September 30th were given a dividend of $0.8081 per share. This is a boost from National Bank of Canada’s previous dividend of $0.81. This represents a yield of 3.45%. The ex-dividend date was Friday, September 27th. National Bank of Canada’s dividend payout ratio (DPR) is 43.58%.

About National Bank of Canada

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.